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Flinders Technologies Pty Ltd Copyright © 2002 J V Turner WIPO/INV/BEI/02/6.a Universities and R&D Organizations are an important part of a country’s National Innovation System The Role of Universities and R&D Organizations In the Innovation Cycle Topic 5 Topic 5
Flinders Technologies Pty Ltd Copyright © 2002 J V Turner WIPO/INV/BEI/02/6.a Invention & Innovation : National Significance Invention and innovation promote:Invention and innovation promote: – new industries –new value-added products and better processes –new employment opportunities –wealth at local and national levels –step-wise improvements to an economy and society Sound intellectual property regimes promote:Sound intellectual property regimes promote: – local inventions and innovations –financial investment –investments of new technologies and ideas by global corporations $ $ $
Flinders Technologies Pty Ltd Copyright © 2002 J V Turner WIPO/INV/BEI/02/6.a However, OECD (1994) study found : “ Innovation performance depends not on how specific institutions perform (firms, R&D organizations, universities, etc.) but how they interact with each other……..” National Innovation System Universities and R&D Organizations are potentially valuable sources of new intellectual property and professional expertise
Flinders Technologies Pty Ltd Copyright © 2002 J V Turner WIPO/INV/BEI/02/6.a Innovation Cycle : Simplified View Investment IP Creation Innovation Commercialization
Flinders Technologies Pty Ltd Copyright © 2002 J V Turner WIPO/INV/BEI/02/6.a New Technology- Insights & IP Created Development of IP & New Business Creation New Business Growth Time Matching with Economic Opportunities Uni’s & R&D Org’s Create Emerging & Enabling Technologies Innovation in business and Value Creation Low Hi Innovation Cycle : Potential for Universities & Business Internal Organization External Market Low Hi Value Realization Value Potential Feed-back from Market Value to External Customers & External Customers & Internal Value to Business Adapted from Bradley C. Wheeler, Indiana Uni Copyright © 2002 J V Turner
Flinders Technologies Pty Ltd Copyright © 2002 J V Turner WIPO/INV/BEI/02/6.a Innovation Framework : Commercialization Prospects Maturity of Technology Design HighLow Low High Alignment of Product with Market Needs 2Developer-Driven New Products 5 New Technologies & Markets (co-evolution required) 3 User Context TechnologyDevelopments 1User-DrivenEnhancements4 New Applications or Combinations of Existing Technologies Adapted from Leonard-Barton, Wellsprings of Knowledge, 1996 Typical ‘commercial’ domain of Universities Improving Prospects
Flinders Technologies Pty Ltd Copyright © 2002 J V Turner WIPO/INV/BEI/02/6.a There is a need to facilitate innovation Innovation Promotion Centers : many different models University linked organizations (e.g. AUTM in USA, KCA in Australia,)University linked organizations (e.g. AUTM in USA, KCA in Australia,) E.U. Innovation Relay CentersE.U. Innovation Relay Centers Business Incubation CentersBusiness Incubation Centers Economic Regions (e.g. Route 128; Silicon Valley)Economic Regions (e.g. Route 128; Silicon Valley) Malaysia Tech. Development Corp.Malaysia Tech. Development Corp. Singapore Tech. Infrastructure & Innovation InvestmentSingapore Tech. Infrastructure & Innovation Investment Philippines T.A.P.I.Philippines T.A.P.I. Thailand National Science & Tech. Development AgencyThailand National Science & Tech. Development Agency China Innovation Center (Founded by CyberCity Holdings Ltd)China Innovation Center (Founded by CyberCity Holdings Ltd) + 15 Uni. based Science ParksThis list is not complete
Flinders Technologies Pty Ltd Copyright © 2002 J V Turner WIPO/INV/BEI/02/6.a Innovation Promotion Center WIPO study to assist developing countriesWIPO study to assist developing countries IPC designed to :IPC designed to : –stimulate and promote inventive and innovative activities –bring together disconnected innovation components –provide information, advice and assistance –manage seed capital investment fund –add value to IP-based assets and business IPIPIPIP
Flinders Technologies Pty Ltd Copyright © 2002 J V Turner WIPO/INV/BEI/02/6.a Started as a joint venture company in 1987 shares July % 50% Flinders Technologies Pty Ltd Flinders University of South Australia Enterprise Investments Ltd Venture Capital Company Mission: To optimise the promotion and value of IP-based assets and the benefits from commercialization January % 0%
Flinders Technologies Pty Ltd Copyright © 2002 J V Turner WIPO/INV/BEI/02/6.a Shareholder Expectations Flinders University Enterprise Investments Ltd R&D funds Inventor rewards ‘Untied’ funds (Dividends) Cost-savings Linkages with ‘industry’ Support for staff consulting ‘Commercially educating’ staff and students Capital gains Dividends ‘Star’ reputation Managing relationships can at times be difficult
Flinders Technologies Pty Ltd Copyright © 2002 J V Turner WIPO/INV/BEI/02/6.a Shareholder Linkages Relations with the university are complex Shareholder AgreementShareholder Agreement Technology Transfer AgreementTechnology Transfer Agreement Agreed basis for Inventor rewardsAgreed basis for Inventor rewards Policy for IP management in universityPolicy for IP management in university ‘Assistance’ to university‘Assistance’ to university Flinders Technologies Pty Ltd
Copyright © 2002 J V Turner WIPO/INV/BEI/02/6.a Professional networks help us to achieve our technology commercialization goals Professional networks help us to achieve our technology commercialization goals Alliances and Networks Throughout the World Research Groups Shareholder (University) Flinders Technologies Scientific & Technical consultants Accountants & Financial Advisers Lawyers Patent & Trade Mark Attorneys Business contacts: Manufacturers, Marketers, Finance Professional peer groups eg. LES, IPS (ANZ) KCA, WIPO KCA, WIPO Circles of Influence
Flinders Technologies Pty Ltd Copyright © 2002 J V Turner WIPO/INV/BEI/02/6.aTrack-record Average IRR 74% per annum for 14 yearsAverage IRR 74% per annum for 14 years $17+ mil benefits to shareholder & researchers$17+ mil benefits to shareholder & researchers Assets : several million $ (and off balance sheet )Assets : several million $ (and off balance sheet ) Successes (eg FTA ‘DNA processing’; Ions by enzymes; New sunscreen)Successes (eg FTA ‘DNA processing’; Ions by enzymes; New sunscreen) Emerging successes (eg MediMolecular Pty Ltd; YourAmigo Pty Ltd;Emerging successes (eg MediMolecular Pty Ltd; YourAmigo Pty Ltd; Neugenesis Inc & Recombinant DNA Technology; Medical Training Simulators; Disease Profiling) Neugenesis Inc & Recombinant DNA Technology; Medical Training Simulators; Disease Profiling)
Flinders Technologies Pty Ltd Copyright © 2002 J V Turner WIPO/INV/BEI/02/6.a “What’s in it for researchers ?” Early assessment of project potential (technical & commercial)Early assessment of project potential (technical & commercial) Funds for R&DFunds for R&D Financial benefits from commercially successful projectsFinancial benefits from commercially successful projects Relations with business & exposure to new fields of opportunityRelations with business & exposure to new fields of opportunity Enhanced employment prospects for studentsEnhanced employment prospects for students ConsultingConsulting Good PR for Researcher & UniversityGood PR for Researcher & University No up-front costs or risk for researchersNo up-front costs or risk for researchers
Flinders Technologies Pty Ltd Copyright © 2002 J V Turner WIPO/INV/BEI/02/6.a Adelaide Innovation : Universities and R&D Organizations – in summary Universities and R&D organizations are part of a ‘National Innovation System’Universities and R&D organizations are part of a ‘National Innovation System’ Invention & Innovation are important for economic and social developmentInvention & Innovation are important for economic and social development The cycle of investment, IP creation, innovation and commercialization is complexThe cycle of investment, IP creation, innovation and commercialization is complex Universities and R&D organizations usually need help to optimize the opportunities and outcomes for IP they createUniversities and R&D organizations usually need help to optimize the opportunities and outcomes for IP they create Specialist ‘technology commercialization organizations’ can greatly facilitate wealth-creationSpecialist ‘technology commercialization organizations’ can greatly facilitate wealth-creation Professional linkages and good personal relations are vital for efficient and effective operationsProfessional linkages and good personal relations are vital for efficient and effective operations Note : IP commercialization is a global business !
Flinders Technologies Pty Ltd Copyright © 2003 J V Turner Strategic Partnerships : WIPO & IPD Malaysia 2003 Strategic Partnerships for Universities & Research.
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